I Bond, iBonds, i-Bonds or Series I bonds.
- bob90245
- Normxxx
- pbradford6
- gadget767
- gadget767
- bamala
- axolotl
- axolotl
- bamala
- be6
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» bob90245 - Re: Buy now or later?
In response to Buy now or later? posted by Normxxx:On the face of it, I-bonds are attractive. However, I'm in a quandary. Half my retirement money is in taxable accounts and the other half is in tax-deferred. Plus I'm a 50/50 stock:bond investor. So I have almost all my bonds in tax-deferred and likewise almost all my stocks in taxable accounts.
For me, there simply isn't any room for I-bonds in my taxable accounts. Now if I had most of my retirement money in taxables, then the I-bonds would have ample room to fit into the picture. Anyone one else have a similar dilemma?
-- posted by bob90245
» Normxxx - Re: Re: Buy now or later?
In response to Re: Buy now or later? posted by bob90245:Sounds like you need to establish a Roth IRA. I see no reason not to have I-bonds in a Roth IRA. But I think you would need an accounting whiz to figure that out.
-- posted by Normxxx
» pbradford6 - FYI
I have bought I bonds from banks for several years to self insure my "long term care" future needs. I never wanted to purchase a long term care insurance contract which I thought were not totally reliable for my wife and me. If I don’t use them I’ll gift them to my grand children.Recently I decided to use Treasury Direct and discovered there is a significant difference in listing your beneficiary. With traditional bank bought I bonds, I can list my family trust as beneficiary; that is not allowed in the purchase of I bonds from Treasury Direct which could be a significant problem for your estate.
What I do like about Treasury Direct was the ease of buying the bonds! If they in the future add the ability of naming ones family trust as beneficiary I'll buy them directly from the treasury. If you are not concerned about beneficiary designations, buy them directly!
-- posted by pbradford6
» gadget767 - Re: Re: Re: Re: Re: Re: Re: New I Bond Rate is 4.80%
Kirk, you mention that you have funds in an internet bank at 3.0%. Since most here are interested in places to put short term money, I would suggest you might look at Zions Bank. This is a large, reputable bank which has an internet money market account which is currently paying 3.94% APY.I also have their high yield checking, so for things like an I bond purchase, I can just log in and move the money from the Money Market to checking to cover the bond purchase. It is very convenient and the rate is great.
-- posted by gadget767
» gadget767 - Re: Re: New I Bond Rate is 4.80%
Kirk.....No, it is not a teaser rate. I have had it for some time, and it goes UP quite frequently. I am expecting it will go up again in a little while, watch and see if it doesn't.The movement of money to and from the internet MM to checking online is virtually instantaneous. There is no time for things to clear.
Anyhow, I'm very pleased with them and their MM rates for that account, so thought I would let people know.
-- posted by gadget767
» bamala - Re: Re: Re: New I Bond Rate is 4.80%
In response to Re: Re: New I Bond Rate is 4.80% posted by gadget767:Guys. Emmigrantdirect pays 4.0% interest for a regular savings account. No min, no fees, no teaser rate. It's just like ING but the interface isn't as slick.
-- posted by bamala
» bamala - Re: Re: Re: Kirk: Re: Pre- vs. Post Nov. 1 Purchase
In response to Re: Re: Kirk: Re: Pre- vs. Post Nov. 1 Purchase posted by axolotl:I think the interesting thing to note about I-bonds is that the variable portion of the rate is the CPI-U of the previous six months. So I'm not so sure the govt is going out on a limb.
-- posted by bamala
» be6 - Treasury Direct security?!
Been reading about TD security over on M* - this 1st snip is part of the original question/comment: ===
Regulations governing TreasuryDirect (31 CFR Part 363) state the following in regards to liability and unauthorized access:
Who is liable if someone else accesses my New TreasuryDirect account using my password?
You are solely responsible for the confidentiality and use of your password. We will treat any transactions conducted using your password as having been authorized by you. We are not liable for any loss, liability, cost or expense that you may incur as a result of transactions made using your password.
Is Public Debt liable if the electronic transmission of my data is intercepted?
We are not liable for any interception of electronic data or communication
====
reply 34 is a good summary. Or maybe I should say BAD summary..
Treasury Direct Security Policies:
-- posted by be6
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